Evolve Private Wealth LLC acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 4,417 shares of the asset manager’s stock, valued at approximately $1,495,000.
Several other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Affiliated Managers Group by 1.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock worth $19,047,000 after buying an additional 1,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Affiliated Managers Group by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock valued at $23,815,000 after acquiring an additional 6,262 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Affiliated Managers Group during the first quarter valued at approximately $1,947,000. American Century Companies Inc. raised its position in shares of Affiliated Managers Group by 1.2% during the second quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock worth $1,683,000 after purchasing an additional 104 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock worth $55,000 after purchasing an additional 133 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Affiliated Managers Group
In related news, Director Annette Franqui purchased 750 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $304.88 per share, with a total value of $228,660.00. Following the acquisition, the director owned 1,962 shares of the company’s stock, valued at $598,174.56. This represents a 61.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jay C. Horgen sold 17,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $338.27, for a total transaction of $5,919,725.00. Following the sale, the chief executive officer owned 204,706 shares of the company’s stock, valued at $69,245,898.62. This trade represents a 7.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by insiders.
Affiliated Managers Group Stock Up 1.0%
Affiliated Managers Group (NYSE:AMG – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $8.29 EPS for the quarter, beating the consensus estimate of $7.90 by $0.39. The firm had revenue of $640.70 million during the quarter, compared to analyst estimates of $590.94 million. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $5.39 EPS. Research analysts expect that Affiliated Managers Group, Inc. will post 36.69 earnings per share for the current fiscal year.
Affiliated Managers Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Monday, August 10th. Affiliated Managers Group’s payout ratio is presently 0.14%.
Key Headlines Impacting Affiliated Managers Group
Here are the key news stories impacting Affiliated Managers Group this week:
- Positive Sentiment: Value appeal remains a key catalyst. Zacks identified AMG as a top long-term value stock based on its Style Scores. The shares trade at approximately 12.3 times earnings, which may appeal to investors seeking relatively inexpensive exposure to asset management. Why Affiliated Managers Group is a Top Value Stock for the Long-Term
- Positive Sentiment: Zacks maintained a “Strong-Buy” rating while raising its FY2026 EPS forecast to $34.67 from $33.01, FY2027 to $34.57 from $34.07, and FY2028 to $39.29 from $39.22. Estimates were also increased for Q4 2026, Q3 2027, Q4 2027 and Q1 2028, signaling improved expectations for earnings growth. Zacks Research earnings estimates
- Positive Sentiment: Recent commentary emphasizes strong fundamentals. An analysis of AMG’s second quarter highlighted solid business fundamentals and potentially undervalued investment-grade bond holdings, while other coverage cited two reasons investors remain attracted to the company. AMG Q2 Analysis
- Neutral Sentiment: Forecast revisions were mixed. Zacks lowered its Q2 2028 EPS estimate to $9.03 from $9.56, partially offsetting the broader upward revisions. Its FY2026 estimate of $34.67 also remains below the broader consensus of $36.25, suggesting some analysts still expect more near-term earnings upside.
Analyst Ratings Changes
Several research firms recently issued reports on AMG. TD Cowen reissued a “buy” rating and issued a $454.00 price target on shares of Affiliated Managers Group in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Affiliated Managers Group in a research note on Monday, May 4th. Zacks Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Barrington Research set a $425.00 target price on shares of Affiliated Managers Group in a research report on Friday, July 31st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $405.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $370.86.
Get Our Latest Analysis on AMG
About Affiliated Managers Group
Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.
The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.
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